Deal Saving Stoddard to be Announced
Kilmarnock, Scotland, February 18--A deal that would rescue stricken Stoddard International, Scotland's oldest carpet maker, is expected to be announced today, according to The Glasgow, Scotland Herald.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Brooklyn Firm Receives State Funds
Brooklyn, NY, February 18--IceStone, LLC, the Brooklyn manufacturer of recycled-glass based durable surface material used for countertops and flooring, has been awarded $200,000 in research and development funding from New York State's Environmental I
Home Solutions of America to Acquire Residential G
Dallas, TX, February 17--Home Solutions of America Inc., a niche provider of specialty residential services, announced today that it has signed a letter of intent to acquire Cornerstone Building and Remodeling Inc.
US Floors Buys Natural Cork
Dalton, GA, February 17--US Floors bought Natural Cork and is now operating under the brand names Natural Floors and Natural Cork.
Bruce Hardwood Introducing New Lines in 2005
Lancaster, PA, February 17--Consumers will see an array of new Bruce Hardwood Flooring in 2005, starting with 59 new choices across eight lines including a new Distressed Oak collection.
Wal-Mart 4Q Earnings Up 16.2%
Bentonville, AR, February 17--Wal-Mart reported fourth quarter earnings that were up 16.2 percent to $3.16 billion, or $0.75 per share.
Carpet One’s Installation Excellence Program Celeb
Manchester, NH, February 17--Over a decade ago, Carpet One recognized one of the biggest challenges facing floor covering retailers: the need to improve communication and teamwork between salespeople and installers in order to provide the best service to
Target’s Earnings Up 11% in 4Q
Minneapolis, MN, February 17,--Target Corp. in the fourth quarter posted earnings that were up 11 percent to $825 million, or $0.91 per share, from $823 million, or $0.90 a share in the prior year.
Leading Indicators Slide in January
New York, February 17--The Conference Board announced today that the U.S. leading index decreased 0.3 percent, the coincident index remained unchanged and the lagging index increased 0.3 percent in January.
Chinese Building Materials Exports Up 34% in 2004
Beijing, China, February 16--China's exports of building materials and non-metallic minerals reached US$7.118 billion in 2004, an increase of 34.4 per cent year on year, a record high since 1997, according to Asia Pulse.